4.12.1026    LOSS OF RECEIPTS - CONDITIONS OF REISSUE

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(1) �Where a negotiable receipt has been lost or destroyed, the director may, upon proof of such loss or destruction, require the warehouseman and the holder of the original receipt, to sign an affidavit. The affidavit shall state that the receipt has been lost or destroyed and cannot be produced for cancellation, that delivery or payment in full for the commodity represented by the receipt or the reissue of such receipt has been made to the holder, and that the warehouseman has not negotiated the receipt for value. The affidavit or reissued receipt shall state any encumbrance against the grain represented by the original receipt.

History: 80-4-403, MCA; IMP, 80-4-533, MCA; NEW, 1986 MAR p. 1178, Eff. 7/18/86.